Steps for requesting Form 16
The procedure for requesting Form 16 from TRACES website has been given below: From FY:18-19 onwards, the Income Tax department is now providing both Part A and Part B of… Read more »
Category: TDS
Frequently Asked Questions (FAQ) on Form 16/16A
What is Form 16 / 16A? It is the certificate of deduction of tax at source by any person in accordance with Chapter XVII-B of IT Act. Form 16 is issued… Read more »
Salaries of nuns and priests working as teachers are not exempted from TDS
The Madras High Court today ordered status quo on an Income Tax circular stating that salaries of nuns and priests working as teachers are not exempted from Tax Deduction at… Read more »
Important CPC (TDS) Communication on Payment of Taxes as a “Demand Payment”, Deducted on Purchase of Immovable Property
CPC (TDS) has issued an advisory communication to the purchasers of the property regarding payment of taxes, deducted on purchase of immovable property. The issued communication has been given below: Dear… Read more »
Verification of TAN TDS Statements filed for Financial Years 2011, 2012 and 2013 (2 Deductee Rows)
CPC (TDS) has issued an advisory communication to all deductors regarding discrepancies which have been observed with respect to their TAN. The issued communication has been given below: Dear Deductor (TAN-… Read more »
Validation of tax returns through an Electronic Verification Code
Background Taxpayers who are not mandated to use a Digital Signature Certificate (DSC) for uploading their India Tax Returns (ITR) are eligible to e-verify the same instead of sending the… Read more »